AUDUSD 4hour Analysis December 19th, 2021
AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Big reversal from price action at 0.72000 resistance with large volume candles due to usd strength.
From where price action is we ideally want to see a lower high below 0.71500 with strong confirmation candles to enter short on.
Trade scenario 2: For us to consider AU bullish again we need to see a break back above 0.72000
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Big reversal from price action at 0.72000 resistance with large volume candles due to usd strength.
From where price action is we ideally want to see a lower high below 0.71500 with strong confirmation candles to enter short on.
Trade scenario 2: For us to consider AU bullish again we need to see a break back above 0.72000